The first tariff law passed by the U.S. Congress, acting under the recently ratified Constitution, was the Tariff of 1789. Its purpose was to generate revenue for the federal government, and also to act as a protective barrier around domestic industries.
Many banks had invested in the market and faced significant shortfall; several faced insolvency. The Crash also prompted a run on gold deposits, further reducing the amount of deposits banks had on hand. As a result, banks curtailed their lending activities, contributing to an economic slowdown.
Answer:
I am not sure but, here is details about them.
Explanation:
- They disappeared in the 2000 B.C(Before Christ) as a result of the military lose.
- About 2000 B.C Sargon made a empire in the place called Mesopotamia which also may include Sumer.
- But, before Sargon's conquest his people started to enter the place called Sumer.
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